The hidden winner of the housing slowdown

As housing starts decline, Amrize is capitalizing on a booming business.

Transcript

00:00I'm curious how much of your business on the residential side will really be

00:04dependent on a turnaround in housing because we've seen housing starts are

00:09declining we know builder sentiment has been pretty dour not just because of

00:15interest rates but also because of economic uncertainty how are you seeing

00:19that play out now we have worked very hard in recent years to complete our

00:24profile to do more repair and refurbishment and last year we did 46% of

00:29our business was not new construction but repair and refurbishment and this is

00:34very important because the residential market is actually very attractive at

00:38this point for repair and refurbishment we do a lot of re-roofing nationwide and we

00:45do the same for the commercial buildings we saw the data how much aging stock you

00:49have for commercial and for residential and this is this fantastic business the

00:55u.s. also faces a pretty severe housing shortage so what role can amrise play

01:01in closing that gap if you will well we are ready for the builder I think we

01:06offer the best quality systems which is very important because you want to

01:10build fast but you want to build reliable with no claims so I think in a

01:15situation where where time is of essence we are also resources labor is of

01:20essence we are a preferred partner and this is how we position ourselves